A Whale Long Position in Gold Preference has been established on xyz:GOLD, with trading volume on Hyperliquid for this contract approximately 12 times that of PAXG.

By: theblockbeats.news|2026/02/03 19:02:50
0
Share
copy

BlockBeats News, February 3rd, according to HyperliquidOfficialData, in the platform's gold-related contracts, the trading activity of the synthetic asset xyz:GOLD is significantly higher than that of the physically anchored token PAXG. Its 24-hour trading volume is about 12 times that of PAXG, reaching $410 million, and the contract's open interest also reached $170 million, more than twice the open interest of PAXG. The specific data comparison is as follows:

PAXG (Paxos Standard, 1:1 backed by physical gold): 24-hour trading volume of about $34.5 million, open interest of about $77.7 million, supporting up to 10x leverage.

xyz:GOLD (Gold synthetic asset deployed by TradeXYZ via HIP-3): 24-hour trading volume of about $410 million, open interest of about $170 million, supporting up to 20x leverage.

In addition, Hyperliquid is significantly ahead of other platforms in the total open interest of gold contracts, but its trading volume is still significantly lower than that of Binance. The latter's PAXG contract has a trading volume of about $940 million in the past 24 hours, an open interest of about $154 million, supporting up to 75x leverage.

Furthermore, according to Hyperinsight monitoring, whether due to xyz:GOLD's or its lower overall cost, better order book depth, and other reasons, the whale positions currently longing with PAXG on the Hyperliquid platform are generally less than $4 million, while the long positions of xyz:GOLD are noticeably larger.

-- Price

--

You may also like

WEEX Labs Lands at Dutch Blockchain Week: A Disruptive Crypto × AI Conversation Sets Sail in Amsterdam

WEEX Labs lands in Amsterdam for Dutch Blockchain Week with Agentic Day: The AI Infrastructure Economy — featuring a Cointelegraph exclusive interview with Waqar Zaka, a live AI trading competition (no code required, just natural language), and a keynote from WEEX COO Andrew Weiner. June 22. Register now: https://luma.com/lo977l6h

SK Hynix Reportedly Plans U.S. ADR Listing as Early as August, With SEC Approval Possible in Late June

SK Hynix may pursue a U.S. ADR listing as early as August, with SEC approval reportedly possible in late June amid strong AI chip supply chain demand.

SpaceX vs Tesla vs xAI: Which Elon Musk Trade Has the Biggest Upside in 2026?

SpaceX's IPO is days away, Tesla holds over 11,000 BTC, and xAI is betting big on AI. Here's how traders are comparing the three biggest Musk narratives.

OpenAI Reveals It Has Confidentially Submitted an S-1 to the SEC, Keeping the Door Open for a Future IPO

On June 9, according to an OpenAI announcement, the company recently confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), beginning the preliminary compliance process for a potential initial public offering. OpenAI said it chose to disclose this proactively because it expected the news might leak; however, the company has not yet set a specific listing timeline, and related arrangements may still take some time.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com